Economic Data set to life stocks

Better Housing numbers from the US, retail sales from the UK and Sentiment data from the EU have provided a lift to equities today. Stocks look likely to eat back at losses yesterday.

Daily Highlights:
-Asian markets fall as pessimism about global economy spreads.
-BOJ’s Shirakawa says that corporate financing has improved but the bank must monitor market developments before to extend measures to ease credit strains.
-Geithner: Risks of deeper recession in US are 'dramatically' lower.
-New-car registrations in Europe dipped to 1.27 million vehicles in May.
-Nikkei 225 Stock Average tumbles 2.9% Tuesday, its biggest one-day loss since March 30.
-Obama's financial overhaul could reshape Fed; some worry about `supercop' role.
-Russia may put part of its currency reserves in bonds of China, Brazil, India.
-Singapore dollar recoups some early losses against the U.S. dollar.
-U.K. inflation slows less than economists forecast in May after higher taxes and the weakness of the pound sustained price pressures in the economy.
-AmEx's May card write-offs fall slightly in May to 10.3% from 10.4% in April.
-No orders for Boeing, Airbus ekes out order from Qatar at recession-clouded Paris Air Show.
-BT Group Plc advances 3.4% after Morgan Stanley recommends the U.K.’s largest phone co.
-CA won't resume growth till late 2010, weighed down by the ongoing spending slump.
-Capital One Fincl Corp's monthly card write-offs rise to 9.4%; late payments increase.
-EMC reiterates its $30/sh all-cash tender offer to acquire Data Domain is superior.
-Extended Stay hotel chain files for Chapter 11 bankruptcy protection.
-Exxon Mobil to pay about $500 million in interest on punitive damages for the Exxon Valdez.
-Sales of Honda’s Insight hybrid in the U.S. in 12 months may be 50,000 to 60,000 vehicles.
-Smithfield's May net income dros from a $2.4M gain last year to a $78.8M loss this year.
-Lincoln Natl Corp. to raise $2.1B in capital, incl $600M common-stock offering.
-National Bank of Greece sinks the most in more than seven months after announcing plans for a 1.25 billion-euro ($1.7 billion) rights offer.
-Tesco says U.K. sales accelerated in the 1Q as discount food range kept shoppers from shifting to rivals Aldi Group and Lidl.
-Tyco Electronics sees Q3 EPS at $0.10-0.17 (cons $0.03); revs of $2.45-2.55B (cons $2.4B).
-UniCredit Exec says current qtr invest banking operations are better than expected.